Crypto Industry Missed Regulatory Breakthrough as CLARITY Act Stalls in Senate
Former House committee chair Patrick McHenry says the crypto sector blew its chance for clear U.S. regulation after the CLARITY Act failed a Senate cloture vote.
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Former House committee chair Patrick McHenry says the crypto sector blew its chance for clear U.S. regulation after the CLARITY Act failed a Senate cloture vote.
Anthony Scaramucci attributes the loss of Democratic backing for the CLARITY Act to Donald Trump’s memecoin launches, which he says stalled the bill.
Democratic victories in the 2026 midterms give the party control of both chambers, putting the CLARITY Act and broader digital‑asset regulation at a critical crossroads.
Two Republican lawmakers who chaired key crypto subcommittees were defeated despite receiving roughly $1 million each from the Fairshake super PAC.
Stand With Crypto counted 222 pro‑crypto House winners and 19 pro‑crypto Senate winners, marking a significant shift toward crypto‑friendly lawmakers in the new Congress.
Democrats have gained control of the U.S. Senate, prompting industry leaders to call for bipartisan support on future crypto legislation such as the CLARITY Act.
Deputy general counsel Maylea Ma of 1inch expects the SEC, CFTC and Treasury to drive U.S. crypto policy as midterm elections unfold, highlighting the limits of legislative action.
TD Cowen’s Washington analyst warns that a Democratic sweep in Congress could halt the CLARITY Act, souring the crypto regulatory climate for the next two years.
With over 57 million early votes counted, the 2026 US midterms are poised to shape the fate of the CLARITY Act and broader digital‑asset policy.
Crypto groups have poured $176 million into the 2026 US midterms, and the outcome may reshape the stalled CLARITY Act and oversight of digital assets.
President Trump endorsed Harriet Hageman for the Senate seat vacated by crypto ally Cynthia Lummis, amid stalled market structure legislation.